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"Same for BE, wasn't NM suppose to be trying to get electrolyte orders? The amount of money the company sank into that must be astronomical. "
$10m for the plant. Nikomarov's salary must have eaten a further $1m + running costs/staffing a few million more. And what do they have to show for it? F*ck all. Nikomarov's little pet project needs to be defunded and his salary is one cost that can be reduced.
What a sorry investor call that was. Only one person turned up to ask questions. CC must be tearing his hair out and wish he never took the job.
@faramog
I was invited, but wasn't given the address. I think they call it 'ghosting'.
"Investor call was short!"
They didn't provide a link and deliberately made it as short notice as possible so nobody would listen or ask any questions.
I mentioned this RNS was coming last week and here it is. To think some nutters were buying shares and still are.
I warned years ago about that crooked piece of sh*t Fortune Mojapelo and was serially abused by the likes of that moron Alfachump and his acolytes.
RIP Bushveld Minerals.
@Tobethebest
Because AIM is now infested with amateur traders who couldn't give a monkeys about they companies they're invested in. If they think there's going to be no news for a month, they'll sell. These days, trading platforms are just another branch of Paddy Power, inhabited by thickos.
What happened to the monthly investor calls that CC promised?
@wildtiger
How does the AI know whether Acacia is going to stump up the £3m it owes or whatever else BMN hasn't told the market?
He's probably still buying HZM.
I'd be interested to your rationale for buying BMN at this point. You'd get better odds playing a fruit machine.
Get the feeling the next RNS will say closure of operations. BMN cannot survive these prices and will be broken up, sold off and delisted.
What will precipitate a 44% rise in vanadium prices when China's property market is undergoing one of its worst slumps in modern history? Not VRFBs. Question is whether BMN can hang on until sentiment there China, but that's not a race it's likely to win.
Could BMN pivot to selling electrolyte at full capacity. No. It's struggling to get one or two customers to place orders. Problem being, China has its own supply and VFRFB uptake is almost non-existent outside of that region.
If you don't like wyndrum's posts scroll on by or shut up. He's not going to influence anyone if that's what you're afraid of.
Ordinarily I would expect directors to buy to show their commitment, but why should CC buy? He's clearing up FM's mess and there's nothing he can do at these vanadium prices other than asset strip the company. Why would anyone expect him to buy under those circumstances? If he saves BMN then implements a plan for growth that requires shareholder funding, I would expect him to back himself buy.
More pertinent question is whether we heading back to 2015 when V price was equivalent of $12.5 in China. I don't see the Chinese property market recovering for a decade. That's a lot of slack for VRFBs to take up - at the moment its 10% market share won't touch the sides.
V price in the US has dropped 20% since September and 38% since Feb last year. Catastrophic.
Would be nice if Coltman could explain how BMN survives these V prices. Yet to give a public interview and explain his rationale.
Even the loans are immaterial now, company is finished if prices don't turn significantly this year and there's no logical reason for that to happen with China's property crisis.
Only hope is if one of the V companies goes bust, but BMN is at the front of the queue.
Rather than throw insults, perhaps Mr one post and dbh1956dbh would like to provide an adult rationale for investing in this stock.
No, you're not a businessman. You've been giving us delivery numbers for years and the company has not been making a profit for years. So yeah, utterly meaningless unless of course the deliveries stop altogether. That would be a bad sign.
With V prices at this level there is no reason to buy and BMN are just kicking the debt can down the road. With the Chinese property market in ruins and more than enough V to sustain their own VRFB industry, it's not exactly looking good. What is the plan here? Craig has not communicated one and it feels like investors are being played.